Industrials Up After Consumer Inflation - Industrials Roundup

Industrial and transportation stocks rose following muted consumer inflation data, which sparked hopes for interest rate relief. The July Consumer Price Index increased by 3.4%, with core inflation nearing the Federal Reserve's 2% target. UBS economist Andrew Dubinsky noted that this data, alongside slowing labor market momentum, weakens the case for near-term rate hikes.

Shares of industrial and transportation companies rose after muted consumer inflation data spurred homes of rate relief.

Consumer Price Index rose 3.4% in July and core inflation was close to the Federal Reserve's 2% target. "From a policy perspective, the latest inflation data, combined with signs of slower labor market momentum, weaken the near-term case for additional rate hikes," said Andrew Dubinsky, economist at the chief investment office of brokerage UBS, in a note to clients.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

August 12, 2026 17:37 ET (21:37 GMT)